Ericsson and Samsung reached an agreement on patent licensing for network infrastructure and handsets. The multi-year deal is retroactive to January 1 of this year; it ends their ongoing legal disputes.
Both companies had filed complaints with the U.S. International Trade Commission (ITC). There were also ongoing lawsuits in several countries, reported Mobile World Live. This February, the ITC said it would investigate a dispute between Ericsson and Samsung over 4G and 5G patent infringements. Ericsson filed a complaint in January.
“We are delighted to sign a mutually beneficial agreement with Samsung,” said Ericsson chief IP officer Christina Petersson. “This important deal confirms the value of our patent portfolio and further illustrates Ericsson’s commitment” to fair, reasonable and non-discriminatory principles.
The Sweden-based vendor estimates its revenue from IP rights licensing will reach SEK2 billion ($237.7 million) to SEK2.5 billion in Q2 (about $120 million). Its IP portfolio includes more than 57,000 granted patents, according to Mobile World Live.
The two companies also agreed to cooperate to “advance the mobile industry in open standardization and create valuable” services for consumers and enterprises, Ericsson’s statement noted. The parties said the details of the patent licensing agreement will not be disclosed.
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